John Keells Holdings PLC (JKH) recorded a group profit before tax (PBT) of Rs.5.17 billion in the second quarter of the financial year 2016/17, an increase of 14 percent over the Rs.4.52 billion recorded in the previous financial year, the company said last week.
The cumulative PBT for the first half of the financial year 2016/17 at Rs.8.75 billion is an increase of 16 percent over the PBT of Rs.7.57 billion recorded in the corresponding period of the previous financial year.
The profit attributable to equity holders for the second quarter at Rs.3.77 billion reflects an increase of 8 per cent over the previous year, while the first half performance at Rs.6.14 billion reflects an increase of 9 per cent over the corresponding period of the previous financial year.
The revenue at Rs. 25.76 billion for the quarter under review is a 13 per cent increase over the Rs. 22.76 billion recorded in the previous financial year. The cumulative revenue for the first half of the financial year 2016/17 at Rs.48.49 billion is an increase of 11 per cent over the revenue of Rs. 43.86 billion recorded in the corresponding period of the previous financial year.
The Company PBT for the second quarter of 2016/17 at Rs.1.74 billion and for the first half of the financial year 2016/17 at Rs.4.59 billion is a decrease of 65 per cent and 44 per cent respectively over the corresponding periods of 2015/16, which included a capital gain of Rs. 3.10 billion arising from the share repurchase of Union Assurance PLC.